A New York lawsuit filed by Noah Doe and two LLCs claims ownership of 39,069 dormant Bitcoin wallets as abandoned property, raising fundamental questions about how traditional property laws apply to digital assets when private keys are lost or unknown, since Bitcoin cannot be reassigned without them.
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New York Case Targets 39,069 Dormant Bitcoin WalletsAdded:
New York lawsuit demands 39,069 dormant Bitcoin wallets claiming legal ownership. The lawsuit filed by Noe Doe and two LLCs raises crucial questions about lost crypto and property laws. It claims the wallets represent abandoned property. It's unclear how they could claim these coins without private keys >> [music] >> as Bitcoin can't be reassigned without them. A ruling could hold no real power.
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